Is it better to pay off your student debt or save for retirement? It is unbelievable how often I hear this question. Often asked as if the person’s financial future is dependent on getting this question correct. The best answer for any given person at any given time depends mostly on what their budget looks … Read more
I am a big fan of cash flowing real estate as it has so many advantages over investing in the stock market. I know this firsthand, since I invested in both. Over my lifetime I have invested more money in the stock market than I have invested in real estate, yet my real estate returns … Read more
(If you’ve had a chance to read The Doctors Guide to Finding Joy in Your Work, please take a moment to leave a review on Amazon. Reviews help people find good books to read.) I have dabbled at playing pickleball a few times a year since the late 70s, even going so far as to … Read more
When I attend a meeting on investing for physicians, I am surprised at how often a deal is offered that is pure speculation, and not a solid investment. My track record on making good returns from speculating is abysmal. But I have seldom lost money when I chose a solid investment. That begs the question … Read more
(Are you attending the Real Estate & Entrepreneurship Conference for Physicians on September 26-28, 2024 in Dallas, Texas? If not, why not? If you are considering it but can’t find the time to get away, then you can attend virtually as well. Just click on the link above for details. Thanks to all of you who are sending … Read more
(Want to meet me in person and attend my live lectures? Please join me next week at the White Coat Investor’s Financial Literacy and Wellness Conference, February 5-8, 2024, in Orlando, Florida. I will be giving two lectures at this amazing conference where I have spoken multiple times in the past. One lecture on Regaining the … Read more
(Want to meet me in person and attend my live lectures? Please join me at the White Coat Investor’s Financial Literacy and Wellness Conference, February 5-8, 2024, in Orlando, Florida. I will be giving two lectures at this amazing conference where I have been a speaker multiple times in the past. If you have some of … Read more
(Today’s guest post come to you from David Rosenstrock, who is a certified financial planner with an MBA and the Founder of Wharton Wealth Planning, LLC.) The daily tasks and responsibilities of a doctor are challenging and can frequently involve a wide range of patients and functions, including many of the administrative aspect of running … Read more
There is a lot of buzz about real estate investors attaining real estate professional status (REPS). The only reason to get REPS is to be able to use your real estate depreciation losses sooner than you would otherwise. It does not generate “new” losses to write off. It only allows one to use their losses … Read more
I frequently hear people debating whether to pay off a home mortgage, which usually has a relatively low interest rate, or invest the money. Often the misguided answers to this question stem from only looking at the interest rate for the decision, as if it were the only valid variable. The following are the mistaken … Read more